Analysis: China Is Pruning the Cryptocurrency Tree
Posted: Sun Mar 25, 2018 12:30 pm
When Bitcoin arrived in China it found a welcoming people, cheap electricity, and room to grow. Before long the industry in the country exploded, and for many years the global market followed the lead set by Chinese companies.
Even now, when the Chinese government has spent more than a year trying to squeeze cryptocurrency out of the country with increasingly repressive rulings, four of the ten biggest cryptocurrency exchanges in the world are from China, and two from Hong Kong. Clearly this is a relationship worth looking into.
Everything is illegal
As things stand at the moment, it is not legal in China to ... (read more)